Daijiworld Media Network – Bengaluru (MS)

Bengaluru, Oct 26: Police arrested a deadly gang on Tuesday, October 26 which was making photocopies of banned notes of Rs 500 and Rs 1000 and exchanging them with valid ones.

Seven people including Manjunath and Dayananda are arrested. Fake currency notes worth Rs six crore are confiscated from them. They used to make photocopies of the banned notes and cheat people.

Govindapura police have confiscated original banned currency notes worth Rs 75 lac. The gang tried to convert Rs 35 lac worth banned notes into white. Acting on definite information police arrested them.

On interrogating more information came to light. Based on the statement of the accused that the rest of the amount is lying in Kasargod, police found Rs six crore worth currency notes there. In addition, police also took into custody 16 bags of paper.

The accused used to take new currency notes in exchange for old currency notes for less. They used to approach people who were interested in giving new currency notes for old ones. In addition, they used to keep photocopies of old banned notes and cheat the buyers.